U.S. - Benzene - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBenzene Price in the United States - 2023
Contents:
- Benzene Price in the United States (CIF) - 2022
- Benzene Price in the United States (FOB) - 2022
- Benzene Imports in the United States
- Benzene Exports in the United States
Benzene Price in the United States (CIF) - 2022
The average benzene import price stood at $1,073 per ton in 2022, increasing by 29% against the previous year. Over the period under review, the import price, however, recorded a mild shrinkage. The pace of growth was the most pronounced in 2021 when the average import price increased by 66% against the previous year. Over the period under review, average import prices hit record highs at $1,337 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($1,265 per ton), while the price for Belgium ($808 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+0.2%), while the prices for the other major suppliers experienced a decline.
Benzene Price in the United States (FOB) - 2022
In 2022, the average benzene export price amounted to $957 per ton, with an increase of 3.6% against the previous year. In general, the export price, however, showed a perceptible downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by 48%. The export price peaked at $1,288 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Belgium ($982 per ton) and the UK ($982 per ton), while the average price for exports to the Netherlands ($934 per ton) and Canada ($982 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-1.9%), while the prices for the other major destinations experienced a decline.
Benzene Imports in the United States
In 2022, overseas purchases of benzene were finally on the rise to reach 1.3M tons after two years of decline. In general, imports, however, continue to indicate a abrupt downturn.
In value terms, benzene imports surged to $1.4B in 2022. Overall, imports enjoyed buoyant growth. The growth pace was the most rapid in 2021 with an increase of 50%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Benzene in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 603 | 325 | 421 | 678 | 4.0% |
| Japan | 180 | 61.0 | 141 | 149 | -6.1% |
| Canada | 58.0 | 19.8 | 46.4 | 145 | 35.7% |
| Netherlands | 16.5 | 40.1 | 1.7 | 124 | 95.9% |
| Brazil | 65.5 | 62.2 | 98.9 | 96.2 | 13.7% |
| Belgium | 2.8 | 22.9 | 5.6 | 75.5 | 199.9% |
| Saudi Arabia | 4.3 | 25.0 | 54.4 | 26.3 | 82.9% |
| India | 60.2 | 29.0 | 119 | 6.5 | -52.4% |
| Mexico | 33.0 | 14.9 | 10.5 | 6.2 | -42.7% |
| Others | 30.3 | 26.4 | 42.4 | 47.3 | 16.0% |
| Total | 1,054 | 626 | 942 | 1,353 | 8.7% |
Top Suppliers of Benzene to the United States in 2022:
- South Korea (604.7K tons)
- Japan (144.2K tons)
- Netherlands (129.2K tons)
- Canada (114.3K tons)
- Belgium (93.4K tons)
- Brazil (89.4K tons)
- Saudi Arabia (25.3K tons)
- India (5.8K tons)
- Mexico (5.2K tons)
Benzene Exports in the United States
In 2022, approx. 85K tons of benzene were exported from the United States; which is down by -56.1% compared with the previous year. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 420%. As a result, the exports reached the peak of 193K tons, and then shrank dramatically in the following year.
In value terms, benzene exports declined sharply to $81M in 2022. Over the period under review, exports, however, recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 370%. As a result, the exports reached the peak of $179M, and then contracted dramatically in the following year.
| Export of Benzene in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 16.1 | 3.4 | 42.9 | 40.8 | 36.3% |
| Canada | 14.0 | 20.8 | 41.6 | 33.3 | 33.5% |
| Belgium | N/A | 3.8 | 13.3 | 3.9 | 1.3% |
| United Kingdom | N/A | N/A | 11.6 | 3.0 | -74.1% |
| China | N/A | 2.0 | 49.9 | N/A | 2395.0% |
| Taiwan (Chinese) | N/A | 4.0 | 19.0 | N/A | 375.0% |
| Others | 1.4 | 3.9 | 0.1 | 0.1 | -58.5% |
| Total | 31.5 | 37.9 | 179 | 81.2 | 37.1% |
Top Export Markets for Benzene from the United States in 2022:
- Netherlands (43.7K tons)
- Canada (33.9K tons)
- Belgium (4.0K tons)
- United Kingdom (3.0K tons)
This report provides an in-depth analysis of the benzene market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20141223 - Benzene
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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